Science Applications International Corporation $SAIC Holdings Increased by Isthmus Partners LLC

Isthmus Partners LLC boosted its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 269.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,109 shares of the company’s stock after purchasing an additional 16,122 shares during the quarter. Isthmus Partners LLC owned approximately 0.05% of Science Applications International worth $2,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIC. Elevation Wealth Partners LLC raised its position in shares of Science Applications International by 75.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 346 shares of the company’s stock worth $44,000 after acquiring an additional 149 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Science Applications International during the third quarter worth approximately $58,000. Versant Capital Management Inc lifted its stake in Science Applications International by 155.7% during the second quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock worth $94,000 after purchasing an additional 520 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Science Applications International by 86.9% in the second quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock valued at $135,000 after purchasing an additional 570 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Science Applications International by 134.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the company’s stock valued at $179,000 after purchasing an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Truist Financial raised their target price on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Stifel Nicolaus boosted their price target on Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. TD Cowen restated a “hold” rating on shares of Science Applications International in a research report on Monday, August 31st. Finally, Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 27th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.22.

Science Applications International Stock Up 5.0%

Shares of NASDAQ:SAIC opened at $143.54 on Friday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $143.75. The stock has a 50-day simple moving average of $129.73 and a 200-day simple moving average of $114.93. The stock has a market capitalization of $6.01 billion, a P/E ratio of 11.95 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. Science Applications International’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 EPS. Equities analysts forecast that Science Applications International Corporation will post 10.77 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is presently 17.31%.

Insiders Place Their Bets

In other news, Director C. David Cush bought 1,000 shares of Science Applications International stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average cost of $132.50 per share, with a total value of $132,500.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $132,500. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

Science Applications International Profile

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.